# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 148: Administrator’s duties on vacating office


Where the administrator (‘A’) ceases to be in office in consequence of this Chapter, A is under obligation as soon as reasonably practicable to deliver up to the person succeeding A as administrator (‘B’) the assets (after deduction of any expenses properly incurred and distributions made by A) and further to deliver up to B—
(a) the records of the administration, including correspondence, proofs and other related papers appertaining to the administration while it was within A’s responsibility; and
(b) the investment bank’s books, papers and other records.

---
Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/148 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-148
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.